London Office Developments Stall As Tenant Uptake Weakens

London Office Developments Stall As Tenant Uptake Weakens

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

A passenger uses a mobile phone as he travels inside a London taxi, bearing a Vodafone Group Plc advert, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

A passenger uses a mobile phone as he travels inside a London taxi, bearing a Vodafone Group Plc advert, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

A sign advertising the availability of commercial office space sits beneath the windows of the Walbrook Building in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

A sign advertising the availability of commercial office space sits beneath the windows of the Walbrook Building in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

A worker stands amongst the metal structure of the Leadenhall building during construction in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

A worker stands amongst the metal structure of the Leadenhall building during construction in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Pedestrians use the Millennium Bridge to cross over the River Thames in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Pedestrians use the Millennium Bridge to cross over the River Thames in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Early morning traffic passes along a road in front of the of The Heron Tower, centre, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Early morning traffic passes along a road in front of the of The Heron Tower, centre, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

The Swiss Re Insurance building, also known as 'the Gherkin', left, stands beyond the construction site for the Leadenhall building, right, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

The Swiss Re Insurance building, also known as 'the Gherkin', left, stands beyond the construction site for the Leadenhall building, right, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Skyscrapers and the construction sites of new commercial real estate developments stand on the skyline of the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Skyscrapers and the construction sites of new commercial real estate developments stand on the skyline of the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Pedestrians walk along a path on the south side of the River Thames past the financial district, on the north side, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Pedestrians walk along a path on the south side of the River Thames past the financial district, on the north side, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

The Canary Wharf financial and business district stands on the horizon beyond construction cranes in the City district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

The Canary Wharf financial and business district stands on the horizon beyond construction cranes in the City district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Commuters walk across the River Thames on London Bridge, past Tower Bridge, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Commuters walk across the River Thames on London Bridge, past Tower Bridge, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Skyscrapers stand on the skyline in the financial district beyond the River Thames in London, U.K., on Friday, Nov. 30 , 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Skyscrapers stand on the skyline in the financial district beyond the River Thames in London, U.K., on Friday, Nov. 30 , 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Pedestrians pass the Walbrook Building in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Pedestrians pass the Walbrook Building in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Pedestrians cross an intersection in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Pedestrians cross an intersection in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Pedestrians cross an intersection in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Pedestrians cross an intersection in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

London Office Developments Stall As Tenant Uptake Weakens

Bloomberg

Twenty Fenchurch Street, also know as the 'Walkie-Talkie,' building, centre, stands during construction in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Twenty Fenchurch Street, also know as the 'Walkie-Talkie,' building, centre, stands during construction in the financial district in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

A passenger uses a mobile phone as he travels inside a London taxi,... News PhotoAdvertisement,Built Structure,Business,Buying,Civilian,Corporate Business,Dedication,Development,Economy,England,Environment,Europe,Finance,Finishing,General View,Horizontal,Lease Agreement,London - England,Mobile Phone,Office,Passenger,Planning,Taxi,Tenant,Travel,UK,Wireless TechnologyPhotographer BloombergCollection: Bloomberg 2012 BloombergA passenger uses a mobile phone as he travels inside a London taxi, bearing a Vodafone Group Plc advert, in London, U.K., on Friday, Nov. 30, 2012. U.K. banks have become more unwilling to finance development projects without a tenant committed to lease space or a buyer for the completed property. Photographer: Chris Ratcliffe/Bloomberg via Getty Images